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    Home » Bitcoin rose and then dumped to a 10-day low last week
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    Bitcoin rose and then dumped to a 10-day low last week

    By Iris DengMarch 18, 2024No Comments2 Mins Read
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    • Bitcoin experienced a rollercoaster week, reaching a new all-time high before facing a substantial decline.
    • The market volatility and sharp fluctuations in value emphasize the unpredictable nature of cryptocurrency investments.

    Bitcoin experienced significant volatility last week, reaching a peak of $73,800 but quickly falling to $66,000, marking a 10-day low.

    Bitcoin slumps to 10-day lows, with DOGE and SHIB falling by double digits

    Unlike previous weekends, this weekend has seen increased volatility, with the major cryptocurrency plummeting to under $65,000.

    Alternative coins like DOGE and SHIB are also deep in the red, contributing to a total crypto market cap loss of over $100 billion per day and more than $300 billion in the past few days.

    Also read: Bitcoin mining difficulty hits 84 trillion ahead of bitcoin halving

    Bitcoin slumps hard

    Generally, bitcoin went up and down in the last week. Monday soared to a high note, proliferating after retracing on Sunday evening to over $70,000 to register a new all-time high (ATH). The asset kept surging in the following days and peaked at $73,800, which is the current ATH.

    It reached its peak on Thursday but was followed by a massive rejection. The bears eventually took control of the market and pushed bitcoin below $66,000 on Friday. On Saturday, bitcoin regained some lost ground and even challenged $70,000.

    However, it didn’t have much success and was quickly knocked back down to $68,000. In the last 12 hours or so, bitcoin has fallen again, hitting a new ten-day low of $64,500 (Bitstamp data). Although bitcoin has recovered about $1,000 from this low, it is still down more than 5 percent for the day.

    Bitcoin
    Iris Deng

    Iris Deng, an intern reporter at BTW media dedicated in Fintech and Blockchain. She is studying English at Hangzhou Dianzi University. Send tips to i.deng@btw.media.

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